Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1887-11-18
REVIEW OF TRADE.

Ending November IL.
New YORK, Nov. l2.-Elec,ions
and Anarchists have diverted atten.
ton somewhat, during the week, but
an advance in prices has been started
by the Government crop reports,
made public on Thursday, and specu-
lative operations since have been re.
! markably large. The cotton estimate
of 100000 bales, though less unfa.
vorable than some previous reports,
caused an excited rise of thirteen
sixteenths for the week, sales in three
days reaching 76S,OO0 bales. The
advance in material supported an ad
vance in many makes of cotton goods.
The corn estimate, $4,000, 900 bushels
below that of last month, caused ex
element in grain and provision mar
kets; corn rose cent for the week,
oats ve-e;ghths, wheat three quar-
ters, pork and lard were excited and
advanced, hogs rose 10 cents, and
beef 80 cents per 100 pounds. Mean.
while, liquidation abroad caused fall
of half cent in coffee, and reaction
from previous booms reached half u
cent in copper, n cents in tin, and l
cent in oil.
Stocks seemed stronger until Thurs.
fday, when accounts of probably fatal
illness OF the German Crown Prince
caused sharp reaction in Berlin and
other continental markets, aud some
selling here on foreign account, but
the opening was again stronger Fri
day. The reasoning that American
securities will ultimately be more in
demand abroad, If the situation on
the Continent becomes unsettled or
warlike, needs to be taken with some
allowance; the great body Of such
securities now held abroad, in part by
persons who will realize at the FIRST
alarm, or when active speculation or
demand for money at home springs
up, may at any time be diminished by
sales. The approach Of session Of
Congress, with the usual disquieting
projects and agitations, is not to be
overlooked.
Trade accounts from all sections
are favorable as to the volume of
business, to which testimony is borne
by the increase of III per cent. in
cleariugs outside Of New York, by
the complaint in many directions of
the scarcity Of rolling stock, and by
the general increase of about IL per
cent. in railroad earnings over last
year. But there are still reports Of
slow collections at manv points, no.
tablv at Detroit and Kansas CITY.
While improvement in that respect is
noted at Omaha, St. Paul, aud sew,
eral Southern cities, extra caution Iii
lending appears at Cincinnati, sur
prisingl. sustained demand for loans
TO interior towns at Chicago, dis
quieting bank failure at st. Louis
and feeling that trade may have
been Il little overdone is expressed at
Philadelphia. Heavy sales of Atch.
ison stock at Boston are also supposed
to indicate some pressure there.
Iron is shade stronger in tone, in
r spite of the enormous production
. which was l43,S3l tons weekly No
vemoer LIST, against l40,G6l October
lst, and about 10000 tons a year
ago A sale of steel rails netting
t3l 60 Is reported, bat consultation
of makers is thought likely to restore
sreadihess, and the demand for bar is
little better. Coal is in great de.
mand, and the output for the last
week of October was 1871 tons
against ?57,9S9 last year, although
the Lehigh strike still cuts Oft abou'
| quarter of the possible prod clion
Scarcity and high prices prevail il
the Ohio valley, owing to prolonged
low water. Boot and shoe buyers are
; unusually numerous for the Season
t and very full trade is promised
Advances in cotton goods are sus
tanned by large demand, and prin
cloth, advance. Woolen goods also
s-em in better request, and fine WOO
is more firmly held.
Foreign trade for two weeks pas
has shown a decline of II per cent il
e exports from New York, and all in
i. crease of 5 per cent. in imports here
The exports of cotton IN October wer'
3S7 million pounds, worth $50, 97l ,44S
or 80 per cent. over last year, and al
increase of + per cent appears in OF
exports, but the breadstuffs move
!, ment has been declining. The Treas
!, urv, by adding sl,900,0O0 to its hanl
!, deposits, has avoided any increase il
J. its cash, and this resource is expected
: to be employed to prevent stringenc,
t until Congress asst mhles.
:, The business failures occurrin,
. throughout the country during tn
last seven days, rs reported to r. 6
Dun & Co. by telegraph, number 10
= for the United States and % for Can
l. ada, or a total OF 2l7 failures, as com
!. pared with total of 245 last week
and 2l6 the week previous to the last